By Atoyebi Nike
The Major Energy Marketers Association of Nigeria (MEMAN) says the removal of fuel subsidy has ushered in full deregulation, creating room for innovation, competition, and digital transformation in the downstream oil and gas sector.
Speaking at the OTL Africa Downstream Week 2025 in Lagos, MEMAN Chairman Huub Stokman said the policy shift is driving new business models such as Energy-as-a-Service, Virtual Power Plants, and peer-to-peer energy trading.
He noted that with the Dangote Refinery operational, dependence on imports is declining, while natural gas is emerging as a key transition fuel. Stokman added that sustainable and digital technologies including solar, biofuels, and advanced monitoring systems are enhancing efficiency and reducing emissions.
Stokman emphasised the need for regulatory stability and infrastructure investment to support refining, storage, and clean energy development. He also called for regional cooperation through cross-border gas pipelines and harmonised policies across Africa to accelerate the continent’s energy transition.
